The Daily Horizon

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When can I earn unlimited income on Social Security?

En español | You can earn any amount and not be affected by the Social Security earnings test once you reach full retirement age, or FRA, which is 66 and ...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What did the Employee Retirement Income Security Act ERISA of 1974 do?

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and h...

Does profit from shares count as income?

You may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell (or ‘dispose of’) shares or other investments. Shares and investments yo...

Where is news paper mill started?

Complete Answer: The country’s first paper mill was built at Serampore (Bengal) in 1812, but failed because of a lack of demand for paper. A new company w...

Can I claim a laptop as business expense?

Capital expenditure generally includes anything that you purchase and own to help you earn profits in your business, so laptops will fit into this categor...

What are some advantages of being an archaeologist?

This rewarding and often challenging career has plenty of advantages such as getting the chance to travel a lot and having diverse career opportunities. A...

What was the standard deduction for 2009?

Higher Standard Deductions. For 2009, the standard deduction for married couples filing a joint return rises to $11,400, up by $500 from 2008. For single ...

Can you calculate EBITDA from a tax return?

How you calculate EBITDA can’t be found on an income statement, but it can be calculated in one of two ways. Or you can work backwards and use Method 2 be...

Do I have to report cash gifts on my taxes?

Essentially, gifts are neither taxable nor deductible on your tax return. Also, a monetary gift has to be substantial for IRS purposes — In order for the ...

What are the advantages of direct and indirect taxes?

Thus, indirect taxes have both advantages and disadvantages, but no one can deny that they are important to generate revenue. While direct taxes can be co...